Overview
What is Linc Up Nonprofit Housing Corporation?
Linc Up Nonprofit Housing Corporation, based in Grand Rapids, Michigan, is a dedicated organization that strives to revitalize the community by offering high-quality, affordable housing options to individuals with low and moderate incomes. They manage approximately 100 rental units, ensuring they are accessible to families who fall below the 50% Area Median Income (AMI) threshold. In addition to rental properties, Linc Up also purchases, renovates, and sells single-family homes to eligible low-income families, often assisting with down payments. Their initiatives extend beyond housing, including property improvements, energy efficiency upgrades, and the removal of environmental hazards such as lead paint. The corporation also offers a Community Development and Leadership Program, aiming to foster community growth and engagement. With a workforce of 26 employees, Linc Up Nonprofit Housing Corporation is committed to improving living conditions and promoting a vibrant community in Kent County, Michigan.
Official website here: www.lincrev.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Stars)
Linc Up Nonprofit Housing Corporation has achieved a high rating of 96%, reflecting strong accountability and financial management practices. The score is based entirely on their accountability and finance metrics, which indicate that the organization operates with a high level of transparency and ethical governance. The completely independent board of directors and robust financial oversight mechanisms contribute positively to their overall rating.
One of the strengths highlighted in their financial performance includes a low liability-to-assets ratio of 19.55%, demonstrating solid financial health and stability. Moreover, an impressive program expense ratio of 81.61% indicates that a significant portion of their resources is directed towards fulfilling their mission, rather than administrative costs. The presence of policies such as conflict of interest, whistleblower protections, and proper document retention further reinforces their commitment to accountability.
While the data overwhelmingly paints a positive picture of Linc Up Nonprofit Housing Corporation, there are no notable limitations mentioned. The comprehensive oversight and governance structures in place suggest that the organization is well-equipped to continue serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Linc Up Nonprofit Housing Corporation legitimate?
Linc Up Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linc Up Nonprofit Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $109,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,020,244
For more financial information, click here
Official website here: www.lincrev.org
What is the mission statement of Linc Up Nonprofit Housing Corporation?
Linc Up Nonprofit Housing Corporation's mission is centered around stimulating community revitalization. They achieve this by providing high-quality, affordable housing for individuals with low and moderate income. Moreover, the corporation extends its assistance beyond housing, offering support through homeowner assistance programs and community organizing. Additionally, they engage in commercial development projects, aiming to enhance the overall well-being of the community. The organization manages approximately 100 residential rental units for families below 50% of the Area Median Income (AMI). They also purchase, renovate, and sell single-family homes to low-income families, providing down payment assistance where necessary. Furthermore, Linc Up works on property improvements, energy efficiency projects, and hazard removal, particularly lead paint, to ensure the safety and comfort of their residents.
Official website here: www.lincrev.org
Who is the CEO of Linc Up Nonprofit Housing Corporation?
Lakiya Jenkins is the Chair of Linc Up Nonprofit Housing Corporation.
Official website here: www.lincrev.org
What is the revenue of Linc Up Nonprofit Housing Corporation?
Linc Up Nonprofit Housing Corporation's revenue in 2022 was $3,052,504.
Official website here: www.lincrev.org
Who are the executives of Linc Up Nonprofit Housing Corporation and what are their salaries?
The average compensation at Linc Up Nonprofit Housing Corporation during 2022 was $43,434. There are 26 employees and 20 volunteers at Linc Up Nonprofit Housing Corporation.
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- Compensation: $109,038
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Official website here: www.lincrev.org
Where can I find the form 990 for Linc Up Nonprofit Housing Corporation?
Linc Up Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lincrev.org
Learn more at the official website: www.lincrev.org
Mission Statement of Linc Up Nonprofit Housing Corporation
Linc Up Nonprofit Housing Corporation is dedicated to stimulating community revitalization by providing high-quality, affordable housing options for individuals with low and moderate income in Michigan's Kent County. The organization accomplishes this mission through various means, including the operation of low-income rental properties, homeowner assistance programs, community organizing, and commercial development.
Linc Up maintains and manages approximately 100 residential rental units that are accessible to families earning at or below 50% of the area median income. Besides rental properties, the corporation engages in the acquisition, development, and resale of low-income homes. This involves purchasing and renovating single-family homes, which are later sold to eligible families. In addition to property improvements, Linc Up also focuses on enhancing the energy efficiency of homes and removing environmental hazards such as lead paint. To further assist families, Linc Up often provides down payment assistance with the acquisition of properties.
The organization's community development and leadership program also plays a significant role in its mission. Through this program, Linc Up contributes to the overall betterment of the community, fostering leadership and involvement from local residents. Lastly, Linc Up covers miscellaneous costs that benefit all of its programs, ensuring the overall success and sustainability of its affordable housing initiatives.
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Impact
July, 2024
Linc Up Nonprofit Housing Corporation's impact includes stimulating community revitalization by providing quality affordable housing in Kent County, Michigan for individuals of low and moderate income. They achieve this through maintaining and operating low-income rental properties, owning and managing approximately 100 residential rental units for families at or below 50% of the Area Median Income (AMI). In addition, Linc Up acquires, develops, and sells single-family homes to low-income families, assisting them with down payment assistance and property improvements to enhance energy efficiency and remove environmental hazards like lead paint. Their community development and leadership programs further contribute to their mission of fostering affordable housing solutions and supporting the local community.
This information is meant to be a general summary of Linc Up Nonprofit Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $137,142
- Program Service Revenue: $733,111
- Gross Receipts: $3,062,170
Assets and Liabilities:
- Total Assets: $11,822,867
- Total Liabilities: $2,312,730
- Net Assets: $9,510,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$764,639
COUNSELING & OTHER FEE
Revenue
$122,142
SALE OF REHAB HOUSES
Revenue
-$153,670
Organization Details
Founding Year
2000
Phone
(616) 988-2537Principal Officer
Lakiya Jenkins
Main Address
1167 MADISON AVE SE, GRAND RAPIDS, MI, 49507
Website
www.lincrev.orgNTEE Category
Code: L022 - Housing
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